Finances for Fiance(e)s

This week we’re avoiding the commercial side of love and romance and instead looking at the true cost. Now we know it may seem cynical, and some of us we will be buying cards and flowers, cooking a romantic meal, or paying for a trip to the cinema over the weekend. However, if you look at how much the average relationship ‘costs’ from first date, through to a marriage proposal, it might make you think twice about getting caught up in the Valentine’s Day bubble.

Research from Canada shows that it costs an average £25,000* (or $50.339.21Can based on exchange rates at beginning of Feb 2016) for the first year of love including; 12 ‘nice’ dates (fancy dinners, theatre tickets etc), 24 more casual date nights (takeaways, coffees, pub etc) two weekends away, new wardrobe etc….and so the total adds up. If you’re thinking of popping the big question this Valentine’s have you planned how you’re going to pay for the ring, the romantic location, possibly even an engagement party? And then there’s a wedding to think about too.

Now we realise Cupid might be upset with us here at QuidCycle and if you are proposing this weekend, or in the near future, then we truly wish you all the very best for a happy future together! But before you panic and start turning to quick deals to meet the costs of your romantic plans, check us out to see how you can organise your finances, free up cash, earn healthy returns and start your route to financial success. www.quidcycle.com

*Capital at risk with peer to peer lending. Please see our Understanding the Risks page.

Disclaimer: The above information does not replace financial advice. Please ensure you seek independent financial advice before making any decisions regarding your finances. We also recommend that you carry out your own research to ensure that this is right for your own unique circumstances. Please note that we sometimes link to other websites but we cannot be held responsible for their content.